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Western Uranium & Vanadium Announces Upsize of Brokered LIFE Financing to $5.9 Million
Globenewswire· 2025-10-10 01:06
Core Viewpoint - Western Uranium & Vanadium Corp. has increased its offering size from Cdn$5,000,000 to Cdn$5,900,000 due to strong investor demand, issuing 6,555,556 units at a price of $0.90 per unit [1] Group 1: Offering Details - The offering consists of units, each comprising one common share and one common share purchase warrant, with warrants exercisable at Cdn$1.20 per share for four and a half years [1] - A.G.P. Canada Investments ULC is the sole underwriter and bookrunner for the offering [2] - The offering will be conducted under the listed issuer financing exemption (LIFE) in all provinces of Canada except Québec, and in certain other jurisdictions [3] Group 2: Use of Proceeds - Net proceeds from the offering will be allocated to various projects, including permitting of the Mustang Mineral Processing Plant, drilling and monitoring for the San Rafael Uranium Project, mine development, and general corporate working capital [5] Group 3: Company Overview - Western Uranium & Vanadium Corp. is focused on developing high-grade uranium and vanadium production, with a production pipeline that includes multiple projects in Colorado and Utah [8] - The company is currently licensing and developing the Mustang Mineral Processing Plant and holds several resource properties, including the Sunday Mine Complex [8]
Western Uranium & Vanadium Announces Brokered LIFE Financing of $5 Million
Globenewswire· 2025-10-09 03:13
Core Viewpoint - Western Uranium & Vanadium Corp. has announced a bought deal private placement financing to raise approximately Cdn$5,000,000 through the issuance of 5,555,556 units at a price of Cdn$0.90 per unit [1] Group 1: Offering Details - Each unit in the offering consists of one common share and one common share purchase warrant, with the warrant exercisable at a price of Cdn$1.20 for a period of four and a half years [1] - The offering will be conducted under the listed issuer financing exemption (LIFE) in all provinces of Canada except Québec, and in certain other jurisdictions [2] - The closing of the offering is subject to necessary approvals, including compliance with Canadian Securities Exchange (CSE) requirements [3] Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for various purposes, including: - Permitting of Mustang Mineral Processing Plant - Drilling, monitoring, and permitting for the San Rafael Uranium Project - Mine development and maintenance across the production portfolio - Permitting and baseline data collection for Topaz Mine - General corporate working capital, including administrative costs [4] Group 3: Company Overview - Western Uranium & Vanadium Corp. is focused on developing high-grade uranium and vanadium production, with ongoing projects in Colorado and Utah [7] - The company is currently licensing and developing the Mustang Mineral Processing Plant, which may utilize kinetic separation to enhance economic efficiency [7] - Western holds several resource properties, including the Sunday Mine Complex, its flagship property located in the Uravan Mineral Belt [7]
Anfield Provides Positive Update Regarding its Confirmation Drill Program at Its JD-7 Mine
Globenewswire· 2025-09-30 11:00
VANCOUVER, British Columbia, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Anfield Energy Inc. (TSX.V: AEC; NASDAQ: AEC; FRANKFURT: 0AD) (“Anfield” or “the Company”) is pleased to announce the completion of the first 12 holes of the Company’s ongoing 20-hole, 8,000-foot confirmation drill program at its JD-7 mine, an existing uranium and vanadium open pit mine in Montrose County, Colorado. This program, announced on August 25, 2025, aims to 1) collect geologic information related to uranium mineralization in multiple ...
Anfield Receives Approval to List on NASDAQ
Globenewswire· 2025-09-17 11:00
VANCOUVER, British Columbia, Sept. 17, 2025 (GLOBE NEWSWIRE) -- Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or the “Company”) is pleased to announce it has received approval to list its common shares (the “Shares”) on The Nasdaq Capital Market LLC (“NASDAQ”). Trading is expected to commence on NASDAQ at the open of markets on September 18, 2025, under the symbol “AEC”. Concurrently with the listing, the Shares will cease to be quoted on the OTCQB® Venture Market but will contin ...
Anfield To Commence Confirmation Drill Program at Its JD-7 Mine
Globenewswire· 2025-08-25 11:00
Core Viewpoint - Anfield Energy Inc. has received approval for a drilling program at its JD-7 open pit mine in Colorado, which is part of its strategy to enhance uranium and vanadium resource exploration and production capabilities [1][2][4]. Group 1: Drilling Program Details - The company plans to conduct a 20-hole, 8,000-foot rotary drill program at the JD-7 mine, with drilling expected to start in mid-September and take about two weeks to complete [1]. - The objectives of the drilling program include collecting geological information on uranium mineralization, confirming existing pit resources, and assessing the potential for resource expansion [1]. Group 2: Strategic Developments - Anfield's CEO highlighted the significance of the drill program approval coinciding with the company's upcoming Nasdaq listing and its ongoing efforts to finalize a reactivation plan for the Shootaring mill in Utah [2]. - The proposed amendment to the radioactive materials license aims to increase mill throughput and annual production capacity, facilitating a hub-and-spoke production model for uranium and vanadium [2]. Group 3: Project Pipeline and Future Outlook - The company is advancing its pipeline of uranium and vanadium projects, including the Velvet-Wood mine and the Slick Rock mine, in anticipation of a mill restart in 2027 [3]. - Anfield is encouraged by the U.S. Department of Energy's initiatives to enhance domestic uranium supply chain capacity, which aligns with the company's production goals [4]. Group 4: Historical Production and Resource Estimates - Historical production data for the JD-7 mine indicates a total of 12,441 tons with a uranium grade of 0.186% and vanadium grade of 0.504%, resulting in contained uranium of 46,280 lbs and contained vanadium of 125,410 lbs [6]. - Current mineral resource estimates for the JD-7 mine show 865,000 tons with an indicated uranium grade of 0.196% and vanadium grade of 0.98%, translating to contained uranium of 3,385,000 lbs and contained vanadium of 16,925,000 lbs [6].
Western Uranium & Vanadium Announces Results of AGM and Appoints New Transfer Agent
Globenewswire· 2025-07-01 00:30
Core Viewpoint - Western Uranium & Vanadium Corp. held its Annual General and Special Meeting on June 27, 2025, where shareholders approved all proposed matters, including the re-election of directors and the appointment of a new transfer agent [1][2]. Group 1: Meeting Outcomes - Proxy votes were cast for common shares representing approximately 51% of the issued and outstanding shares as of the record date for the Meeting [2]. - Shareholders re-elected all directors proposed by management: George Glasier, Bryan Murphy, Andrew Wilder, and Michael Skutezky [3]. - MNP LLP was re-appointed as the auditor for the ensuing year, with the board authorized to fix the remuneration of the auditors [4]. Group 2: Management and Committee Appointments - Following the Meeting, management re-appointments were confirmed for George Glasier as President and CEO, Robert Klein as CFO, Michael Rutter as COO, and Denis Frawley as Corporate Secretary [5]. - The newly-elected Board re-appointed Bryan Murphy as Chairman of the Board, Andrew Wilder as Chairman of the Audit Committee, and Michael Skutezky as Chairman of the Governance, Nominating and Compensation Committee, with each committee comprising three independent directors [6]. Group 3: Transfer Agent Appointment - Western Uranium announced the appointment of Odyssey Trust Company as the new registrar and transfer agent, replacing Capital Transfer Agency ULC, with no change to the CUSIP number of the common shares [7]. - Odyssey also replaced CTA as rights agent under the shareholder rights plan agreement dated May 24, 2023, and shareholders need not take action regarding this change [8]. Group 4: Company Overview - Western Uranium & Vanadium Corp. is increasing high-grade uranium and vanadium production at its Sunday Mine Complex, with additional projects in Colorado and Utah, and is developing the Mustang Mineral Processing Site for mined material recovery [9].
Anfield Files Notice of Intent to Conduct Drill Program As It Expands Its Hub-And-Spoke Uranium and Vanadium Production Model
GlobeNewswire News Room· 2025-06-16 11:00
VANCOUVER, British Columbia, June 16, 2025 (GLOBE NEWSWIRE) -- Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) ("Anfield" or "the Company") is pleased to announce that it has filed a Notice of Intent ("NOI"), through its wholly owned subsidiary Highbury Resources Inc., with the Colorado Division of Reclamation, Mining and Safety ("DRMS"), to begin a 20-hole, 8,000-foot rotary drill program at the existing JD-7 open pit mine in Montrose County, Colorado. The purpose of the in-field exploratory ...
U.S. Department of the Interior Greenlights Anfield’s Velvet-Wood Uranium-Vanadium Mine
Globenewswire· 2025-05-27 11:00
Core Viewpoint - Anfield Energy Inc. has received approval from the U.S. Department of the Interior for its Velvet-Wood uranium project, marking a significant step in the U.S. government's efforts to enhance domestic energy security and reduce reliance on foreign sources [1][2][7]. Group 1: Project Approval and Significance - The Velvet-Wood project is the first uranium initiative prioritized under new emergency procedures aimed at expediting environmental reviews for critical energy infrastructure, with the Bureau of Land Management completing its review in less than 14 days [2][7]. - U.S. Secretary of the Interior Doug Burgum emphasized that this approval represents a pivotal moment in securing America's mineral future and reducing dependence on foreign adversaries [2][7]. - The approval aligns with a series of Executive Orders signed by President Trump to revitalize the nuclear industrial base, focusing on various aspects such as the nuclear fuel cycle and domestic supply chain [2][3]. Group 2: Economic Assessment and Production Potential - The combined Preliminary Economic Assessment (PEA) for the Velvet-Wood and Slick Rock projects indicates a pre-tax NPV at 8% of US$238 million and an internal rate of return (IRR) of 40%, based on uranium and vanadium prices of US$70 per pound and US$12 per pound, respectively [4][5]. - Anfield's portfolio, including the Shootaring Canyon mill, positions the company as a key contributor to U.S. energy security, with the U.S. consuming nearly 50 million pounds of uranium annually while producing less than 1% domestically [5][12]. Group 3: Strategic Positioning and Future Plans - Anfield is pursuing a NASDAQ listing as part of its strategy to advance U.S. production capabilities [6]. - The company has a comprehensive portfolio of uranium assets located in the U.S., including the Velvet-Wood project, which is well-suited for accelerated development due to its past production history and minimal environmental impact [3][11][13]. - The Velvet-Wood mine, acquired from Uranium One in 2015, has historical production of approximately 4 million pounds of U3O8 and 5 million pounds of V2O5, showcasing its potential for future output [8][10].
U.S. Department of the Interior Announces Expedited Permitting for Anfield’s Velvet-Wood Mine
Globenewswire· 2025-05-13 11:00
VANCOUVER, British Columbia, May 13, 2025 (GLOBE NEWSWIRE) -- Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) ("Anfield" or "the Company") is pleased to announce that the U.S. Department of the Interior ("DOI") has selected its Velvet-Wood uranium project in Utah for expedited permitting as part of the federal government's national response to the energy emergency declared by President Donald J. Trump. Velvet-Wood is the first uranium project to be prioritized under newly established emergenc ...